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How many cryptocurrencies really exist?

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Abstract generation in progress

Since Bitcoin appeared in 2009, the crypto ecosystem has exploded. According to data from September 2024, there are nearly 10,000 cryptocurrencies listed on CoinMarketCap, although other sources mention up to 20,000 if you include inactive or abandoned projects.

The exact figure is complicated: CoinMarketCap reports 9,916 tokens, while CoinGecko shows 15,142. The difference depends on how each platform filters and updates its data.

Why so many?

The entry barrier has significantly lowered. Thanks to platforms like Ethereum, even developers with basic coding knowledge can create their own token without building a blockchain from scratch. Result: explosion of projects, each promising something “unique”.

Which ones really matter?

Here comes the interesting part: out of those thousands, only a handful have real impact:

  • Bitcoin remains the undisputed king
  • Ethereum revolutionized smart contracts and DeFi
  • Solana stands out for ultrafast transactions
  • Stablecoins like USDT dominate trading
  • Memecoins (DOGE, SHIB) generate hype but their lasting value is questionable

The reality: while the number of cryptos continues to grow, most will disappear. Only those that truly solve a technical problem or generate real demand will remain. The rest? Noise on the blockchain.

BTC-1.88%
ETH-1.46%
SOL-1.85%
DOGE-0.17%
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